GlobalFoundries has been dealt a heavy blow (well, not that much in the end) by being fined $500,000. The reason behind it? Sending wafers to a Chinese company working with the army. Unfortunately, the American company’s customer was blacklisted, ouch!
GlobalFoundries and its $500,000 fine!
In simple terms, the American foundry has been fined for sending equipment to the Chinese company SJ Semiconductor, which is on the US blacklist. The company was deemed to represent a “threat to national security” because of its collaboration with the Chinese army and its affiliation with SMIC, a Chinese foundry.
As a result, the US government has fined GloFo $500,000 for its dealings with SJ Semiconductor. However, the amount of the fine is not that high simply because the American company has been very cooperative with the Bureau of Industry and Security.
What’s more, the company is a clear winner in this case, since between February 2021 and October 2023 there were 74 shipments of equipment worth a total of $17 million. As they say, a fault confessed is half redressed… Even if we’re more than three quarters redressed at this stage.
Meanwhile, via El Chapuzas Informatico, we have learned that TSMC has also been investigated. The company was suspected of continuing to work with Huawei behind the back of the United States. In fact, the Taiwanese foundry was working with a company, Sophgo, based in China, which, to put it crudely, was “reforwarding” the chips acquired from TSMC to Huawei.
